From a cryptographer's artistic dream to a creative wind on the blockchain
In 1993, a cryptographer, Hal Finney, thought it would be too boring to buy and sell a string of passwords. He wanted to display these passwords and call it a crypto trading card. Possibly, what Hal Finney wanted to do was a visualization of a cipher, when the cipher was presented as a beautiful image, the cipher as an image.
NFT, from the "art" of Internet natives to a marketing tool for businesses
You know, there was no blockchain when this idea came about, and bitcoin was not yet born. It was not until January 3, 2009 that the first block was created. This crypto set of cards was just an idea at the time due to the technology, however, he has tightened the connection between cryptography and art.
NFT is also known as Non-Homogenous Token, and Fungible Token is, as the name suggests, a mutually substitutable, infinitely divisible Token. a bitcoin in your hand is no different from a bitcoin in my hand, which is homogenous. Non-homogenization is about indivisibility, irreplaceability, and uniqueness, and this distinction is reflected by "smart contracts". However, both homogeneous and non-homogeneous are tokens that are dependent on existing blockchain tokens such as bitcoin and ethereum for transactions.
The emergence of NFT is intended to provide "smart contracts" as a token to mark the properties of digital assets, which can be used to bind different kinds of information or assets that exist or originate in the digital and real worlds.
Does the existence of a "smart contract" for a cryptocurrency make the token valuable? No. For a long time, apart from Bitcoin, the major tokens ETH (Ether), Flow, Solana, BSC, etc., which feature NFT, have been unpopular.
Counterparty, created in 2014, has become an artistic experiment on NFT applications through the Rare Pepes image trading platform. The meme sad frog traded on this platform is a secondary creation of a cartoon frog image created by artist Matt Furie. Although he is just an emoji, not beautiful, or even "ugly" to put it bluntly, it has aroused the enthusiasm of these "creators" on the Internet, and they have submitted all kinds of emoji.
The Rare Pepes platform has set up an emoji judging and appraisal committee to ensure the value of these emojis. The Rare Pepes platform has set up an emoji judging and appraisal committee to ensure the value of these emoji. They determine the uniqueness and scarcity of emoji packs and limit the total number of Tokens to further enhance the scarcity of pack intelligence. Emoji packs are used to interpret various online events, blacken the community, and have cultural consensus and appeal.
The "art" of harvesting in a group
By June 2017, the first artistic NFT project to come out was CryptoPunks, known for his pixelated style, who brought images as crypto assets to the cryptocurrency space through completely different 24x24, 8-bit style pixelated artistic images.
CryptoPunks claims that these pixel characters are anti-utopian, tradition-defying "artworks". However, he does not use humans to create them at all, as the software automatically generates "unreadable" pixel characters.
In addition to graphic artworks, games, music, and words have become NFTs, but every time you get to know them, or learn of their existence, they become commodities that skyrocket and plummet - arousing your desire with their exorbitant auction prices and your fantasies with their tragic plummet.
Does NFT have value or not?
The author believes that the value of NFT is the value of the contract + the value of the distributed ledger. The contract records the ontology, the ontology is the art reflects the value of art, is the game reflects the value of the game ......; ledger value is the real guarantee of its uniqueness, authenticity, permanence in the digital world, effective protection of the creator as well as the rights and interests related to the holder.